News

CRI Group: Impact of Corruption is Seen Worldwide
Date: 09 Dec 2017 By: CRI Group

Organisations are urged to unite on December 9th for International Anti-Corruption Day

Corruption is the single greatest obstacle to economic and social development around the world. According to the World Bank, every year $1 trillion is paid in bribes, while an estimated $2.6 trillion are stolen annually through corruption – a sum equivalent to more than 5 percent of the global Gross Domestic Product (World Economic Forum).

To help combat this growing problem, Corporate Research and Investigations Limited “CRI Group” is spreading awareness and encouraging organisations to support the United Nation’s International Anti-Corruption Day, 9 December 2017. CRI Group is a global leader in corporate investigations and risk management that serves clients in Europe, Asia Pacific, South Asia, the Middle East, North Africa and North America.

Here is more bad news about corruption:

  • Worldwide corporate corruption continues to disrupt socioeconomic progress in developing nations.
  • Corruption weakens governments, fuels organized crime, stifles economic growth and discourages development.
  • The cost of corruption can have a devastating effect on any business and its stakeholders, from the damaged corporate image, devalued stock, negative public perception, costly legal challenges and even incarceration of corporate directors.
  • Organizations are finding it increasingly difficult to navigate the complex web of multi-jurisdictional laws and regulations related to anti-bribery and anti-corruption practices.

CRI Group’s CEO, Zafar Anjum, said that CRI Group offers solutions for building global compliance frameworks that safeguard the world's leading organisations. For example, CRI Group's Anti-Bribery Anti-Corruption Centre of Excellence provides consulting services to organisations seeking to validate or expand their existing compliance frameworks to maintain a competitive edge in the world marketplace.

Anjum noted that CRI Group also offers independent ISO 37001:2016 Anti-Bribery Management System certification to ensure that organisation is in compliance with this newly established standard, which is recognized and practiced in more than 160 countries worldwide.

CRI Group's DueDiligence360™ involves a review of all relevant information pertaining to virtually any business on the planet to ascertain past business dealings, criminal records, executive stability and suspect associations to ensure your organization is protected from internal threats and outside risks.

CRI Group's exclusive 3PRM-Certified™ solution provides Third-Party Risk Management while ensuring compliance with FCPA, UK Bribery Act, Anti-Bribery and Anti-Corruption, and other global, regional and local regulations.

Contact CRI Group to learn more about preventing and detecting corruption.